WABCO India Ltd.

NSE: WABCOINDIA | BSE: 533023 | ISIN: INE342J01019 |Industry: Auto Parts & Equipment
|Expensive Performer

WABCO India Ltd.    
03 Jun 2020
ICICI Securities Limited
Valuations (81x FY20P EPS of 84) at WIL, in our opinion are disconnected from prevailing challenges on the demand front, with relative resilience in price performance centred around market expectations around the open offer price. On the back of elongated CV recovery cycle, we assign SELL rating on WIL and advice existing investors to either tender their shares in the forthcoming open offer ( 7067.5/share, 2.5 months away) or for simplicity of operations sell shares in open market. We ascribe a fair value...
WABCO India Ltd. has an average target of 5222.00 from 2 brokers.
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